The Nigerian Stock Exchange is home to many of the country’s and some foreign most well-established and high-quality companies that meet the Exchange’s higher listing standards with respect to profitability and company size. The Exchange indices closely reflect today’s market activity. The Nigerian Stock Exchange’s objectives for developing proprietary indices are to showcase the strength of companies listed on the Exchange and to provide investors and issuers with benchmarks that measure the country’s market place as well as its key segments. The NSE Indices are based on Market Capitalization methodology such that each stock represented in the index contributes to the index proportionally to its market capitalization. The NSE 30 tracks the top 30 companies in terms of market capitalization and liquidity. It is a price index and is weighted by adjusted market capitalization—the number of a company’s listed shares, multiplied by the closing price of that company, multiplied by a capping factor. Only fully paid-up common shares are included in the index.
Key Features and Coverage on RIMES
For this data source, RIMES hosts approximately 200 companies and 14 indices.
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